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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Petrol who wrote (10818)	2/2/2002 6:38:27 PM
From: Susan G	Respond to of 26752

Thanks : ) I've got nothing really worthwhile to post on since I have not been watching anything but the futures, except the same old thing...WE'RE GOING DOWN <g> Unless one incredible diabolical move helps the nasdaq climb back up the cliff over resistance, it looks like the cliff is crumbling fast. And this week there sure was major distribution going on all over from the charts I see. Scary chart, but there are some support and resistance numbers to watch. Possible reversals can happen on old support or at LEAST a pause on the way down! home.earthlink.net If that blue 20 ema rolls over that 50 ema, it's going to get really nasty. That 20EMA will have to flatten out or turn to the upside this week if there's any chance to save this thing. The thought that gaps are like magnets is worth some attention, as that gap right below 1760 is still unfilled. The 1950 to 1960 area has to be cleared and held before any attempt to take out those double tops can occur. I'm wondering just what could start such a powerful rally to break through all that resistance. Looks like the "new bull" calls was exactly that. Bull.